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118 S Cedros Ave 10,382 SF Retail Building Solana Beach, CA 92075 $11,012,240 CAD ($1,060.71 CAD/SF) 5.31% Cap Rate



Investment Highlights
- 100% Occupied with 2 well established tenants
- Both Leases are NNN. Minimal Landlord Responsibility
- Walking distance to Solana Beach Coaster Station and the Beach Future Development
- 17,662 CPD and heavy walk by traffic
- Leases end 10/31/2029 & 3/31/2030
- Opportunity/Ability for New owner to enhance or add to the property
Executive Summary
Introducing a once-in-a-lifetime chance to acquire a remarkable retail location in the highly coveted World Famous Designer District on Cedros Street, situated in the vibrant community of Solana Beach. For the first time in half a century, this extraordinary property has emerged onto the market, making it an exceptionally rare opportunity for discerning investors. The property is 100% occupied with 2 well established tenants. Nestled within a thriving commercial hub, vacancies in this area are a rarity, underscoring the immense value and desirability of this offering. A mere 30 feet away from the prominent intersection of Lomas Santa Fe Drive and Cedros. The Cedros Design District boasts a lively atmosphere, attracting a diverse clientele of discerning shoppers and design enthusiasts. The prime location of these two separate 4,790sf and 5592sf spaces offers tremendous flexibility, catering to a range of businesses and commercial ventures. Combine the two units (10,380 SF) seamlessly to create an expansive retail haven that will leave an indelible mark on the vibrant Solana Beach community. With a combined total of 17,662 cars passing by daily, your business will benefit from unparalleled exposure to a captive audience of potential customers. Adding to the allure of this remarkable location is its proximity to the renowned Belly Up Music Venue, a renowned cultural landmark that draws music aficionados from near and far. Now is the time to seize this extraordinary opportunity to own a large retail location in the World Famous Designer District on Cedros Street. With its unmatched visibility, exceptional foot traffic, and the buzz of cultural activity surrounding it, this property promises to be a gateway to unparalleled business success and prosperity.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,382 SF
Building Class
B
Year Built
1970
Price
$11,012,240 CAD
Price Per SF
$1,060.71 CAD
Cap Rate
5.31%
NOI
$584,800 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.60
Lot Size
0.40 AC
Zoning
M - Manufacturing and Industrial Uses
Parking
6 Spaces (2.19 Spaces per 1,000 SF Leased)
Frontage
41’ on S Cedros Ave
Amenities
- Storage Space
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 298-073-42 | Improvements Assessment | $3,339,968 CAD |
| Land Assessment | $2,650,979 CAD | Total Assessment | $5,990,948 CAD |
Property Taxes
Parcel Number
298-073-42
Land Assessment
$2,650,979 CAD
Improvements Assessment
$3,339,968 CAD
Total Assessment
$5,990,948 CAD
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118 S Cedros Ave
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